Jones Lang LaSalle
One of the world’s leading real estate
services and money management firms, Jones Lang LaSalle (JLL) has
been represented in Edinburgh since 1973 and has advised on
flagship commercial property developments including The Exchange
District, Edinburgh Park, Waterfront Edinburgh, Waverley Gate and
Edinburgh Quay.
Alan Robertson, managing director of JLL
Scotland, believes Edinburgh's resilient and stable economy,
critical mass in key sectors such as financial services and life
sciences, highly qualified and skilled workforce and competitive
costs make it an excellent place to invest in commercial
property.
"Prime office rents in Edinburgh are around
30% of London’s west end, less than half of the City of London and
are also lower than prime office rents in both Manchester and
Birmingham," he explains. "At one time Edinburgh had the
reputation of having the highest property costs in the UK outside
the south-east of England but, as of Summer 2007, that was no
longer the case."
Robertson said Edinburgh's strong economy
meant it was often the second UK city after London favoured by
international investors and had a bright future in the commercial
property sector.
"Edinburgh offers relocating or expanding
companies a range of top quality locations and properties, all
available at competitive rents or prices," he says. "These
include top quality buildings in the prime central office core
through to low cost properties in Leith and Edinburgh Park, to a
variety of specialist properties in developments such as
Heriot-Watt University Research Park and the Edinburgh Science
Triangle. The local economy is predicted to continue growing and,
while unemployment is low, the labour catchment area has expanded
massively in recent years as commuter routes have improved. The
future is very optimistic for Edinburgh."
